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R&D Center Recognition and Corresponding Subsidy

With authorization of an automobile accessory company, GFC conducted early evaluation of an in-house R&D center of its affiliated manufacturing company, identified the advantages and disadvantages of their application and relevant preferential policy, dug into technical advantages, and helped them to prepare the application materials. We also monitored the whole approval cycle and kept in timely touch with relevant approval authority. Eventually, our client gained the recognition as R&D center; we also helped our client with the application and gained relevant financial subsidy of almost RMB1 million in next 2 years.

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